Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp > Puzzled

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Comment by TXRogerson Apr 14, 2021 4:16pm

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Post# 32994705

RE:Puzzled

gatewa wrote: Warrants at $2.55 Canadian = $2.04 US.
Why are we trading below warrant price

There is transfer trade likely taking place with credited investors eligible for the SW PP. They are selling. These are the ones that participated in the last PP and can take advantage of the sale of currently publicly traded NVO.WT vehicles as well.

What that achieves for those investors is a paper swap resulting in refreshed warrant holdings at a much lower strike price vis the SW financing.

Tx

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Advancing flagship Ishkõday Gold Project in Ontario